Property Valuation Services

Valuations VIC provide the full range of property valuation services in Melbourne. Our qualified valuers work across residential, rural, commercial, and industrial properties.

All valuation services we offer are compliant with the strict quality standards set out by the Australian Property Institute (API) and Royal Institution of Chartered Surveyors (RICS). With 20 years of experience each, our Certified Practising Valuers (CPVs) tailor every valuation to your needs.

We follow comprehensive guidelines and proven methods to guarantee world-class results.

Property owners and investors across Victoria rely on us for buying and selling property, managing property tax, and navigating various property-related legal procedures. That means we provide objective, legally certified valuation reports that you can depend on.

Our Valuation Services:

Building Insurance

This involves calculating the full replacement cost of a building to help you get adequately insured. Your valuer will review the cost of redesign, materials, labour, administration and more. A building insurance valuation can help any homeowner save on repairs and it’s a legal requirement for strata building owners.

Capital Gains Tax

Capital gains tax refers to a charge on the profits made when selling a property. This is calculated following a property’s increase in value over time. Our valuers determine the retrospective value of the sold property by using historical market data. The difference between the market value on the dates the property was originally acquired and sold can be used to calculate CGT.

Compensation

If your property has been damaged due to a third party or situation outside of your control, you may be entitled to compensation. A compensation valuation can help you establish the market value of that property and the fair compensation owed. To calculate how much value was lost, your value will perform a retrospective valuation to determine its past market value.

Compulsory Acquisition

When your property is forcefully bought for public infrastructure development, this is called a compulsory acquisition. It is legally required that you be compensated in these cases. A compulsory acquisition valuation will determine your property’s fair market value to ensure that you are adequately paid.

Deceased Estate

Deceased estate valuations are designed to assist with managing and distributing all monies, assets, and property in the case of a deceased estate. The aim is to solve disputes among beneficiaries and ensure the assets are issued per the will. These valuations are conducted retrospectively.

Family Law

Our family law valuations can be used to support a range of property-related legal matters with legally certified reports. These reports are fully compliant with all the standards expected by the courts. We employ valuers trained to ensure transparency and accuracy in calculating the value of all property types.

Internal Accounting

Internal accounting valuations are generally conducted for businesses and value their assets and finances to examine the company’s financial state. This can help drive informed financial or operational decision-making and complies with the Australian Accounting Standards for valuations.

Mortgage Security

These kinds of valuations are requested by banks and other lenders before approving a loan. Valuers will determine the market value of a property to calculate the risk to the bank. Lenders rely on the results of independent valuations as they are transparent and objective.

Pre-sale/Pre-Purchase

The primary reason for a pre-sale or pre-purchase property valuation is to negotiate the fairest possible price on a property purchase or sale. They can help ensure you get the right return on your investment or save you money on purchasing your home. Your valuer will apply financial and market analysis to establish the fair market value of any property.

Rental Review

To ensure you or your tenants pay market-related rental fees, consider a rental review valuation. At the end of your service, you will receive a comprehensive review of the property that utilises proven methods to ensure the fair value of any rental property. These can

Retrospective

Unlike many of our services, retrospective valuations aim to establish a property’s value based on a chosen date in the past. Calculating property-related taxes is among the most common reasons for this form of valuation.

Rural

Manage, maintain, and improve the value of your rural property with an independent valuation. Qualifying properties include rural spaces used for agriculture, resorts, bed and breakfasts, residential dwellings and more.

SMSF

The largest assets within a self-managed superannuation fund (SMSF) are called on to receive a valuation when an audit takes place. It is legally required that you make use of an independent valuer who is unrelated to any members of the SMSF to ensure an unbiased valuation of the investment property.

Stamp Duty

Stamp duty, also known as land transfer duty, is a tax that must be paid upon the acquisition of a property or the transfer of title of ownership from one party to another. Valuers use evidence-based methods to determine the market value of the property which can be significantly different to its sales price in an arms-length transaction.

Current Market Value

Most valuations aim to establish a property’s current market value. These include property settlements, mortgages, insurance or rent reviews. They require an analysis of all costs put into developing a property, any profits it may generate, as well as the condition of the property and the reputation of its surrounding neighbourhood.

Land Valuation

Land valuations in Victoria must adhere to an exhaustive series of standards and requirements or face rejection by the Commissioner. Hiring an independent certified land valuer is generally done for land transfer duty tax purposes. This is a tax that must be paid within 30 days of settlement.

Unit Entitlement

Before any buildings in a strata scheme and be sold or allocated, the strata scheme owner must conduct unit entitlement valuations. This determines the amount an owner must contribute to the strata in terms of fees, levies and voting power. If unit entitlements are not done correctly, the owner of a unit may request a re-evaluation.

Contact a certified valuer today!

Our team of specialist valuers are trained graduate members of the Australian Property Institute (API). They specialise in a wide range of services suited to every kind of property.

To receive a free quote and chat with one of our valuers, fill out the contact form below or call us on (03) 9021 2009.